Automotive Collision Repairs Market report delivers future development strategies, key companies, Possibility of competition, major challenges analysis. The reports elaborate the expansion rate of the Automotive Collision Repairs market supported the highest company profile analysis. This report providing an in-depth analysis, market size, and evaluation for the developing segment among the industry. Automotive Collision Repairs Market report will help you take expert decisions, recognize opportunities, plan effective professional tactics, plan new schemes, analyse drivers and restraints and give you a vision on the Automotive Collision Repairs Market forecast.
The Automotive Collision Repairs Market report discusses the primary industry growth drivers and challenges that the vendors and the market as a whole face and provides an overview of the key trends emerging in the market. It also talks about the market size of different segments and their growth aspects along with key leading countries in Americas, Asia-Pacific, Europe, the Middle East, and Africa regions.
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The automotive collision repair market size is anticipated to be USD 208.0 billion by 2025. The market is anticipated to grow at a CAGR of 2.3% from 2019 to 2025. Technological advancements coupled with development in automotive repair are driving the market growth. For example, evolution of 3D printing has resulted in significant reduction of production costs.
Additionally, rise in number of alternate fuel vehicles is predicted to proliferate the market growth in the next few years. Alternative fuel vehicles that run on natural gas and hydrogen are gaining traction supported by governments’ favorable policies. For example, air quality is a key factor in California and Federal Clean Air Act aimed at reducing the vehicular emission.
Rise in research activities and investment by several manufacturers offer lucrative opportunity for market growth. For example, 3M aftermarket segment in collaboration with West Coast Custom are aiming to increase the use of body fillers, coatings, adhesives, spray paints and abrasive.
Europe held the largest share in the automotive collision repair market and expected to continue its dominance over the forecast period. North America is also projected to witness similar growth owing to rise in number of on-roads vehicles in the U.S and Canada. Further, growing sales of electric vehicles offers a lucrative opportunity for the market growth in these regions.
Some of the companies for Automotive Collision Repair market are:
Continental AG, Honeywell International, Inc., Mann+Hummel Group, Takata Corporation, Mitsuba Corporation, Magna International, Inc. and 3M
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